Woodside Petroleum oil and gas exploration summary
Woodside has steadily expanded its global exploration portfolio since 2013. Its new look prospect inventory is weighted towards oil, with increased exposure to frontier and emerging plays. Exploration is focused on 1) extension of core material gas prone regions in Australasia and Asia-Pacific; 2) expanding its footprint in oil prone under-explored plays in Latin America and the Atlantic Margin; 3) building a portfolio in oil prone unexplored/under-explored emerging plays in Sub-Sahara Africa. LNG-expansion led drilling over the decade failed to prove up volumes for a second train. The exploration plans for 2017 and 2018 encompass wells in Australia, Asia and Africa.